This is a far better result than the $122 million loss Kosmos reported in Q4 2017, although when derivatives and other special charges are removed the picture is very different. Kosmos reported an adjusted net loss of $39.4 million in Q4 2018, compared to an adjusted loss of $37.9 million in Q4 2017.

Kosmos produced an average of 66.2 MBOEPD in Q4, a company record. Kosmos has tripled both production and reserves from 2016 to 2018, expanding from production exclusively from Ghana to multinational.